Question: Please solve. The data in table below are for electricity, measured in megawatts. Quantity Price Demanded 95 101 96 100 97 99 98 98 99

Please solve. The data in table below are for electricity, measured

Please solve.

The data in table below are for electricity, measured in megawatts. Quantity Price Demanded 95 101 96 100 97 99 98 98 99 97 100 96 a) At what price is the total expenditure by consumers at a maximum? b) What is the price elasticity of demand at this price

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